Ares Management Corporation (NYSE:ARES) Receives $192.14 Average Price Target from Brokerages

Shares of Ares Management Corporation (NYSE:ARES) have received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $192.1429.

Several analysts recently commented on the company. UBS Group cut their price objective on Ares Management from $201.00 to $198.00 and set a “neutral” rating for the company in a report on Tuesday. Cowen reiterated a “buy” rating on shares of Ares Management in a research report on Wednesday. Keefe, Bruyette & Woods increased their price objective on shares of Ares Management from $188.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Wolfe Research set a $210.00 target price on shares of Ares Management and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Finally, BMO Capital Markets assumed coverage on Ares Management in a research report on Friday, October 3rd. They issued a “market perform” rating and a $156.00 price target for the company.

Ares Management Price Performance

Shares of NYSE:ARES opened at $169.48 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22. The firm has a market cap of $55.40 billion, a price-to-earnings ratio of 72.74, a price-to-earnings-growth ratio of 1.00 and a beta of 1.53. The business has a 50-day simple moving average of $162.97 and a two-hundred day simple moving average of $168.41. Ares Management has a fifty-two week low of $110.63 and a fifty-two week high of $200.49.

Ares Management (NYSE:ARES) last released its quarterly earnings data on Friday, October 31st. The asset manager reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. Ares Management had a net margin of 11.72% and a return on equity of 16.33%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $0.55 earnings per share. On average, analysts expect that Ares Management will post 5.28 earnings per share for the current year.

Ares Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were issued a dividend of $0.8438 per share. This represents a $3.38 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, December 17th. Ares Management’s dividend payout ratio is presently 192.27%.

Insider Buying and Selling at Ares Management

In related news, CEO Michael J. Arougheti sold 56,257 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $157.26, for a total transaction of $8,846,975.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 590,000 shares of company stock valued at $90,653,808 in the last quarter. Corporate insiders own 36.86% of the company’s stock.

Institutional Investors Weigh In On Ares Management

A number of hedge funds and other institutional investors have recently bought and sold shares of ARES. Exchange Traded Concepts LLC grew its stake in Ares Management by 100.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 190 shares of the asset manager’s stock worth $30,000 after buying an additional 95 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Ares Management during the second quarter worth $35,000. Redmont Wealth Advisors LLC acquired a new position in shares of Ares Management in the 3rd quarter valued at $40,000. Ameritas Advisory Services LLC purchased a new position in Ares Management in the 2nd quarter worth $43,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Ares Management during the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 50.03% of the company’s stock.

About Ares Management

Ares Management Corporation (NYSE: ARES) is a global alternative asset manager that provides investment solutions across credit, private equity and real estate. The firm originates and manages capital across a range of strategies including direct lending, syndicated and special situations credit, private equity buyouts and growth investments, and real estate equity and debt. Ares serves institutional investors, insurance companies, pension funds, sovereign wealth funds, and high‑net‑worth clients through both commingled funds and bespoke managed account structures.

Within credit, Ares offers strategies spanning leveraged loans, structured credit, opportunistic and distressed debt, and specialty finance, with an emphasis on underwriting, portfolio construction and active asset management.